Considering investing in a holiday home in 2023, or making the permanent move to warmer climes? Spain is a popular destination for property investment thanks to its temperate climate, miles of spectacular beaches, rich history, and vibrant culture, making it the perfect destination for both.
Spain has always offered investors a good amount of square footage for their money and, today, there are many cities, as well as some breath-taking coastal locations, that offer up some great opportunities for anyone looking to purchase a prime piece of real estate. Add to that the fact that there’s a large expat community across Spain, plus the excellent quality of life on offer, and it’s easy to see why it’s one of the most popular choices amongst affluent property investors – but knowing where to start when seeking out a property can feel overwhelming.
Whether you’re seeking a luxury villa or an opulent penthouse apartment with a rooftop pool, Spain has it all – and working out which location is best suited to your needs will make it much easier to narrow down your options.
With this in mind, we’ve teamed up with the property experts at Spain Homes, who are accustomed to matching investors with the best opportunities available across the country, to break down some of the best places to buy property in Spain for 2023.
Madrid: Spain’s capital city
Capital city Madrid is also the largest city in Spain, and is located in the heart of the country. Offering a rich blend of history and modernity, with stunning architecture, museums, and world-class cuisine, it’s one of the most obvious choices when it comes to property investment, although if you’re dreaming of sunning yourself at the beach then you’ll need to look elsewhere.
Madrid is an excellent choice for those who want to experience city living and all it has to offer, and with property prices expected to rise in the coming years, now is a great time to buy.
Barcelona: A vibrant coastal city
Barcelona, located on the Mediterranean coast, is one of Spain’s most popular cities – and with good reason. It’s famous for its stunning architecture, vibrant culture, and golden, sandy beaches, making it an excellent choice for those who want to experience the best of both worlds when it comes to city living and coastal relaxation.
The city has a robust tourism industry, making it an excellent choice for investors looking for rental income, so if you’re considering a luxury buy-to-let property then look no further.
Valencia: A beautiful coastal city
The picturesque city of Valencia, located on the eastern coast of Spain, is popular amongst tourists and expats alike thanks to its array of stunning beaches, historical landmarks, and a vibrant culture.
If you’re keen to experience coastal living with a more relaxed pace than Barcelona, then it’s the perfect place to do so, and with property prices in Valencia still relatively low, even for high-end places of real estate, it’s an attractive prospect for investors.
Malaga: A southern coastal gem
Malaga is a southern coastal city located in Andalusia and is yet another Spanish hot spot that is well known for its lovely beaches, excellent cuisine, and a rich history. Malaga is an excellent choice for those who want to experience the best of southern Spain, and is easily accessible from the UK and much of Europe – plus, it’s home to a large expat community, making it an excellent choice for those looking to buy property in Spain.
Seville: A historic and cultural gem
The breath-taking city of Seville, also in Andalusia, is perhaps best known for its stunning architecture, and is home to many an historic landmark as well as a great selection of shops, restaurants and bars. For many, it’s a place to experience the heart and soul of southern Spain, and it also happens to be an appealing option for investors, with property prices expected to rise steadily over the coming years.
The bottom line
If you’re looking for sun, sea, sand, culture and a great choice of luxury real estate, then it really doesn’t get much better than Spain. The country offers a wide range of options for property investment, in highly sought-after locations ranging from vibrant cities to beautiful coastal towns. Madrid, Barcelona, Valencia, Malaga, and Seville are some of the best places to buy property in Spain for 2023 – so if you’ve been thinking about it for a while, then now is the time to take the plunge.
For more information and advice on property investment in Spain, get in touch with Spain Homes.
